Mid-Term CD Specials at Central Bank in Tampa Florida

POSTED ON BY

Central Bank is offering a new 18-month special CD rate. It has a 1.15% APY, and them minimum deposit is $2,500. There are also a special 2-year CD with a 1.25% APY and a special money market account with a top rate of 1.00% APY for a $100K minimum (0.80% for $25K and 0.90% for $50K). These rates are listed at the bank's rate table as of 1/6/2012.

My last report on this bank was last February when it was offering special 7-month CD. Its short-term CD rates are no longer competitive.

It appears a branch visit is required at Central Bank to open an account. It's a small one-branch bank located in Tampa, Florida.

Central Bank has improved its financial health quite a bit in the last year. It now has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 1.59% (excellent) based on September 2011 data. Please refer to our financial overview of Central Bank for more details. The bank has been a FDIC member since 2007 (FDIC Certificate # 58377).

Other CD Deals in the Tampa Metro Area

If you're looking for long-term CDs in the Tampa metro area, one of the best deals continues to be at Raymond James Bank which is offering a 2.05% APY 5-year CD, a 1.75% APY 4-year CD and a 1.55% APY 3-year CD as of 1/6/2012 (see see my review).

Century Bank of Florida which has a branch in Tampa also has competitive long-term CD rates as of 1/6/2012. These include a 2.02% APY 5-year CD and 1.76% APY 4-year CD.

How Central Bank's 18-Month CD Rate Compares

There are only two nationally available CDs with terms around 18 months that have rates significantly higher than this Central Bank CD special. Alliant Credit Union still offers a 1.35% APY 18-month CD ($25K minimum). Incredible Bank still has a 1.20% APY 19-month CD. These rates are accurate as of 1/6/2012.

Searching for the Best CD Rates

To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.

Comments
Competitive Short-Term CD Rates at Central Bank in Florida - Local Only

Central Bank has long offered a good deal on a 7-month CD. The rate is down since my last year's post, but it remains competitive with a 1.35% APY. It's called an Advantage CD, and it has two nice liquid features. It gives you the option to withdraw $500 or more one time a month, and you have the option to deposit amounts of $500 or more anytime you want up to the $100,000 maximum balance. Minimum deposit is $10,000. Another good deal is the bank's 18-month Rate Watcher CD...

Continue Reading
Competitive Short-Term CDs & Checking Account Rates at Central Bank in Florida - Local Only

Central Bank in Tampa, Florida is offering a 1.70% APY 7-month CD. It's called an Advantage CD, and it has two nice liquid features. It gives you the option to withdraw $500 or more one time a month, and you have the option to deposit amounts of $500 or more anytime you want up to the $100,000 maximum balance. Minimum deposit is $5,000. Another good deal is the bank's 15-month CD which has a 2.00% APY. However, this doesn't have the liquid features. Minimum deposit is $2,500. These rates are...

Continue Reading
2.50% 7-Month Liquid CD at Cental Bank in Florida - Local Only

Update 7/09/09: The 7-month Advanage CD rate has fallen to 2.00% APY.

Central Bank is offering a 2.50% APY 7-month CD. It's called an Advantage CD, and it has two nice liquid features. It gives you the option to withdraw $500 or more one time a month, and you have the option to deposit amounts of $500 or more anytime you want up to the $100,000 maximum balance. Minimum deposit is $5,000. The rate is listed at the bank's rate table as of 5/31/09.

It appears a branch visit is required to...



Continue Reading
4.25% 12-Month CD at a Florida Bank (Central)

Central Bank is offering a special CD called the 12 Month Rate Watcher that has a yield of 4.25% APY. The minimum deposit is $5,000. This Rate Watcher CD allows one rate increase during the 12 month term. There's also a 24 Month Rate Watcher CD which allows two rate bumps, but this only has a yield of 3.75% APY.

It appears a branch visit is required to open an account. It's a small one-branch bank located in Tampa, Florida. It was just established in 2007, and thus, doesn't have a...

Continue Reading
5.00% 6-Month CD at a Tampa Bank - plus $50 Checking Bonus (Central Bank)

Central Bank is offering a 5.00% APY 6-month certificate of deposit. The minimum deposit is $2,500. It requires opening a Simply Free Checking Account. Without this, the yield is reduced by 25 basis points.

This doesn't seem to be listed at the bank's website. It was advertised in today's Tampa Tribune. The ad is available online. It's a grand opening special that's only for the bank's new branch at 20701 Bruce B. Downs Blvd, Tampa, FL, 33647 (813-929-4477). A branch visit is required.

When you open the checking account you may also...



Continue Reading